Curat Global LLC Buys New Stake in The TJX Companies, Inc. (NYSE:TJX)

Curat Global LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 7,352 shares of the apparel and home fashions retailer's stock, valued at approximately $895,000. TJX Companies accounts for 1.1% of Curat Global LLC's investment portfolio, making the stock its 20th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bogart Wealth LLC purchased a new position in shares of TJX Companies in the 4th quarter valued at $25,000. SOA Wealth Advisors LLC. purchased a new stake in TJX Companies during the 4th quarter valued at about $30,000. Millstone Evans Group LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at about $30,000. Promus Capital LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at about $32,000. Finally, Tacita Capital Inc acquired a new position in shares of TJX Companies in the 4th quarter valued at about $38,000. 91.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on TJX. Loop Capital set a $150.00 price target on TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Barclays restated an "overweight" rating and issued a $147.00 price target (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Cowen restated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Finally, Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $141.53.

TJX Companies Stock Up 0.9%

TJX Companies stock traded up $1.18 during midday trading on Friday, reaching $128.55. The company's stock had a trading volume of 4,611,993 shares, compared to its average volume of 5,226,645. The business has a 50-day simple moving average of $127.63 and a 200-day simple moving average of $124.11. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a fifty-two week low of $106.18 and a fifty-two week high of $135.85. The company has a market cap of $143.60 billion, a P/E ratio of 30.25, a P/E/G ratio of 2.75 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 15th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.32%. The ex-dividend date was Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's payout ratio is 40.00%.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director now owns 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.